Owner financing is fine if the seller wants to do that for you as long as they understand that some or all of their note will be paid off very shortly when you sell the old property and use those proceeds to purchase the property the eat is holding for you.

Depending on the age of the house, if it has been open for that long, anything copper is probably long gone.Depending on the size (temp) and location of the fire, it is possible that some or all of the brick is compromised. 

And inadequate venting in attic and some mold.  

I would have $2-3k in reserve for these...Realize you may lose some or all of the existing tenants when he sells..

In either case the objective would be to recover some or all of the original investment capital and bump the ROI up through the roof.It should be safe assume that this is a cash flow deal you're talking about.

The insulation in the attic was inadequate.  

I have a few questions just feel free to answer the ones applicable to you or all of them :)My question for all of you seasoned or not investors...Since the existence of BP do you believe you will not need to be trained by a "guru"?

Do you pay it back monthly or all at the end of a predetermined term?

I have a unit where 3 people are on the same lease, and there was damage in one of the tenant's bedrooms. I know which tenant caused the damage, as it was caused by their furniture rubbing back and forth in a certain ...

Feel free to reach out to any or all of us with any Canada-specific questions.